Enviro Infra Engineers Limited has informed the Exchange about Acquisition

Listed-company acquisitionStrategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-0.8%Reaction day

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prior close

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announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.2%-0.5% vs market

Other Utilities peers, median of 12sector · industry level-1.9%+1.1% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 1.1 pts more than its Other Utilities peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Enviro Infra Engineers' wholly owned subsidiary EIE Renewables Private Limited has acquired 49% stake in PRA Bihar Bess Private Limited for ₹15.51 crore, with an agreement to acquire the remaining 51% within 60 days of the project's Commercial Operation Date. The target company is a newly incorporated SPV (August 2025) set up to develop a 37.5 MW / 150 MWh Battery Energy Storage System project in Bihar, backed by Viability Gap Funding. The project has a signed power purchase agreement with Bihar state discoms at ₹4.44 lakh/MW/month for 12 years, with proposed capex of approximately ₹150 crore. PRA Bihar Bess has become a step-down wholly owned subsidiary of the listed company upon signing the agreement.

Likely market impact

The acquisition strengthens Enviro Infra Engineers' presence in the renewable energy sector by expanding its BESS portfolio. The deal is not a related party transaction and is being funded through internal sources and bank financing. Completion is targeted by May 31, 2027.